The Russian stock market on Thursday has tested support in the region of 1000 points on the RTS and MICEX, but managed to cannon in the late trading session. As a result of trades on the RTS index fell 3.92% to 997.68 points and the MICEX index at 1.78% to 1020.95 points. Activities bidders while continuing to grow: trading on the MICEX reached 75.45 billion rubles.

Tenders were opened on Thursday, rising about 1% on the MICEX in the rebound after a sharp decline the previous day. The situation, however, soon changed, and quotes quickly went down. Around noon, the MICEX index feel a support in the region of 1010 points, but soon resumed its decline and fell below 1000 points. The fall of the Russian market in the first half on Thursday took place at a neutral external background. Recall that the U.S. market closed weaker yesterday multidirectional changes in the major indexes and futures on U.S. indices traded with virtually no traffic.

WTI crude oil prices held near 71. European markets also show a weak movement. The resumption of sales we have the fact that most of the bidders to believe that big correction started, so the weak growth in the morning, many chose to use as a convenient opportunity to open short positions (to carry out short selling and margin transactions with shoulder is greater than one once again became possible from 15 June).

In the afternoon, the situation has changed. Adjustments in the course of the trading in Russia have made progress with the data the U.S. labor market, which enabled the cannon from the indices of daytime minima. Further support for the market and provided data for the index of leading indicators and FRB Philadelphia.

Today in the morning, we expect the continuation of the closure of short positions, which are actively

opened in recent days, which should allow the main Russian indices to draw a technical rebound from support in the region of 1000 points. The incentive to close

short positions will increase the U.S. market, the price of oil held in the level of 71-72 dollars per barrel WTI, as well as a small increase in U.S. futures indices and Asian markets. The index of the MICEX in the first half of the day can test the resistance in the region of 1040-1050 points, but are unlikely to be able to overcome it. In general, today meager to events, so in the second half can be expected to slow down and small Drawdown indices.

A little better today, the market will look like the paper oil and gas sector
At the beginning of next week, sales on the Russian stock market resumed
Volatility in the urgent market of Russia demonstrates a tendency to rise a third consecutive trading session
Today could rebound to the level of 1050 points on the MICEX index
The Russian stock market is expected decline in trading volume and decrease volatility
The downward correction in the Russian equity market will continue
The Russian market will continue its downward movement, spread may occur at any time
At this point in the segment of blue chips broken all the short-term rising trends
Local perekuplennost Russian market, compared with global platforms are still having a negative impact